Carrboro's Affordable Housing Fund

The Affordable Housing Special Revenue Fund is a tool for increasing, improving and maintaining the stock of affordable housing within Carrboro and its planning jurisdiction. Revenue sources for the Fund include a half-cent property tax increase in 2018 and 2019 and payments made by developers in lieu of providing affordable housing units under the applicable provisions of the Land Use Ordinance. Other sources may include grants, donations, loans, interest payments, or other contributions or assignments.

Nonprofits and qualifying individuals who are working with nonprofits are eligible to apply to the fund for projects that meet the adopted Affordable Housing Goals and Strategies.